Forecasts and recommendations of analysts of IFH RESMI (Kazakhstan) for March 9, 2011

/IRBIS, March 9, 2011/ - Finance & Investment House RESMI JSC (Almaty, IFH RESMI) provided IRBIS overview of major events and their investment ideas and projections for March 9, 2011. Analysts of IFH RESMI give attention to the following to the important events in the markets: - KASE index closed in the green zone. Value of the index showed an increase of 0.22% and was fixed at 1,845.2 points. The volume of transactions declined from the previous trading day in 2.6 times and amounted to 24.7 million KZT, in dollar equivalent of $ 169.8 thousand cost shares in ENRC, KMG, the National Bank and Kazakhmys Plc has not changed. Outsider trading on Saturday became the paper KKB (-1.6%). The top gainers on the entire range of issuers included in the representative list of KASE became the Bank's shares Centercredit and Kazakhtelecom. Growth of quotations of securities of issuers of data totaled 0.5% and 0.4% respectively. Thus, today is expected to change the price of paper representatives of the metallurgical sector in view of the world's news background concerning the situation on the commodity markets. - Yesterday, 08 March, the major indices closed down the growth of Europe's leading indicators, which in turn influenced the decline in commodity prices caused by OPEC's announcement to increase production of fossil fuels and thereby weaken investors' concerns about the pace of economic recovery. Also had a positive impact is positive and a number of companies reporting corporate news, which is reflected in the papers of the banking sector. So, shares of British Barclays, HSBC and Lloyds Banking Group rose by 0.91%, 1.99% and 0.66% respectively. Quotes of French BNP Paribas and Credit Agricole rose by 1.86% and 1.78%. - Following the auction March 8, 2011 British FTSE 100 index rose 0.98 points (0.02%) - up to 5 974.76 points, Germany's DAX rose 2.82 points (0.04%) - up 7,164.75 points. - Against the backdrop of easing pressure on oil prices (-2 U.S. dollar), U.S. stock markets also closed higher. In addition, the market had a positive impact and the announcement of Saudi Arabia to increase oil production beyond quotas. Thus, the Dow Jones index closed at 12,214.38 points, showing an increase of 1.03%. NASDAQ rose 0.73% to 2,765.77 points. Analysts of IFH RESMI give the following advice for investors in securities of issuers in Kazakhstan: -------------------------------------------------------------------------- Issuer Last price Predicted price* Up/down from Target RSI. Current price price** %*** ------------------ ---------- ---------------- ------------- ------- ----- Kazkommertsbak 583 On Review 521 54.31 Halyk bank 390 519 33.1% 456 48.78 Bank Center Credit 617 On Review 921 30.83 RD KMG 21,000 On Review 23,898 67.88 Kazkhtelekom 19,670 On Review 26,057 47.82 -------------------------------------------------------------------------- Fundamental evaluation IFH RESMI for 12 months (weekly review) ** Target according to the consensus forecast of analysts surveyed by Bloomberg *** Relative strength index - an indicator of technical analysis. determines strength of trend and likelihood of change. Overbought/oversold - when RSI indicator value is closer to 100%/0%. - Cost of common shares Kazkommertsbank assessment IFD "RESMI" will cost no less than KZT796 per share by the end of 2010; - Halyk Savings Bank of Kazakhstan is estimated IFD "RESMI" as the most promising in terms of business development financial institution in Kazakhstan. Analysts see the growth of the bank's shares up to KZT409 per share; - Shares of Bank CenterCredit in the long term analysts IFD "RESMI" about the outlook for growth in securities of the bank to the level of 1.230 m.; - Stocks of Kazakhtelecom are looking most attractive for investment in the long term. Analysts IFD "RESMI" recommend buying simple shareholders of the issuer. - The updated target price of shares of JSC Exploration Production KMG is KZT24.895 per share. The given material has exclusively information character and is not the offer or recommendation to make any transactions with the stocks. Agency Irbis doesn't take responsibility for the opinions which are in given material. [2011-03-09]